Penske Automotive Group (PAG) Tops Q1 EPS by 23c

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Go back to Penske Automotive Group (PAG) Tops Q1 EPS by 23c

PENSKE AUTOMOTIVE GROUP REPORTS QUARTERLY RESULTS

April 26, 2023 6:59 AM EDT

Q1 2023 Record Revenue Increased 5% to $7.3 Billion

Same-Store Service & Parts Revenue Increased 10% in Retail Automotive and 11% in Retail Commercial Trucks

Selling, General and Administrative Expenses as a Percent of Gross Profit Improved Sequentially by 140 Basis Points

Net Income of $298 Million; Earnings Per Share of $4.31

Repurchased 0.9 Million Shares of Common Stock for $110.2 Million

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